ITV plc (ITV) Trading Up 1%

Shares of ITV plc (LON:ITV) were up 1% during mid-day trading on Monday . The company traded as high as GBX 166.30 ($2.19) and last traded at GBX 165.70 ($2.19). Approximately 16,713,420 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 16,787,800 shares. The stock had previously closed at GBX 164 ($2.16).

A number of analysts have recently issued reports on ITV shares. J P Morgan Chase & Co cut their price objective on ITV plc from GBX 218 ($2.88) to GBX 204 ($2.69) and set a “neutral” rating for the company in a research report on Tuesday, July 4th. Citigroup Inc. reissued a “buy” rating and set a GBX 225 ($2.97) price target on shares of ITV plc in a report on Friday, July 7th. Barclays PLC reissued an “equal weight” rating and set a GBX 200 ($2.64) price target on shares of ITV plc in a report on Friday, July 7th. Goldman Sachs Group, Inc. (The) dropped their price target on ITV plc from GBX 237 ($3.13) to GBX 228 ($3.01) and set a “buy” rating for the company in a report on Friday, July 14th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 320 ($4.22) price target on shares of ITV plc in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 208.19 ($2.75).

The stock’s 50-day moving average price is GBX 169.50 and its 200 day moving average price is GBX 180.37. The firm’s market cap is GBX 6.64 billion.

In related news, insider Mary Harris acquired 1,945 shares of the stock in a transaction on Friday, September 29th. The stock was acquired at an average cost of GBX 172 ($2.27) per share, for a total transaction of £3,345.40 ($4,414.62).

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ITV plc Company Profile

ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.

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